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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / How do I move a deposi...
Microsoft Dynamics GP (Archived)

How do I move a deposit that was booked to the incorrect bank account

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Posted on by Community Member

Hi there!  I am very new to GP so I will likely be posting tons of questions.  I have a deposit that is reconciled but it is posted to the incorrect bank account.   My logic is to use the decrease adjustment option in the bank transaction entry window.  Hope this makes sense. Thank you!

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  • L Vail Profile Picture
    L Vail 65,271 on at

    Hi Megan,

    Welcome to the GP forum! You'll find many people here who are willing to help. If you need to transfer the money to the correct bank account, you can use the Bank Transfer transaction. If you don't need to do that, then a decrease adjustment should work. Where will you put the other side of the entry? The credit is to cash, where will the debit go? If the deposit is reconciled, was it in fact deposited in the wrong bank account?

    Leslie

  • Community Member Profile Picture
    Community Member on at

    Hi Leslie!

    thank you so much for responding!!  When I initially booked the deposit I entered it without a receipt so it never hit the GL.  It was physically deposited to the correct bank account but wrong in GP if that makes sense.  It was the opening deposit to open the account.  I have no idea where the debit will go?

  • L Vail Profile Picture
    L Vail 65,271 on at

    If you entered it without a receipt and the increase never hit the GL, is your GL cash account out of balance with the checkbook register?

    Leslie

  • Community Member Profile Picture
    Community Member on at

    Yes- everything is out of balance.  I just started working with this company.  It is a PEO- so the do outsourced payroll etc.  They were running payrolls without having an accounting system in place for a month or so.  Just to give a bit of background.  

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